‘This is unbelievable’: Hedge fund star dims, and investors flee

After more than a decade of winning and unconventional behavior, David Einhorn’s Greenlight Capital has shrunk by half

David Einhorn, president of Greenlight Capital
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By

Gregory Zuckerman

July 5, 2018 Updated: 9:24 a.m. GMT

For years, David Einhorn’s investors did not seem to mind his unusual ways — the aloofness toward clients, midday naps, unpopular stock picks, late nights on the town. Until the billionaire hedge fund manager fell into a slump.

After more than a decade of winning on Wall Street, Einhorn’s Greenlight Capital has shrunk to about $5.5bn in assets under management, his investors estimate, from a reported $12bn in 2014, and his investments are struggling.